https://pbs.twimg.com/media/GLS4BYFb0AENDYx?format=png&name=large
Where does it end? Is there anything the Bank of Japan can do to rescue this situation that isn't just kicking the can further down the road? Will the 4th largest economy undergo hyperinflation?
YEN/USD was at 146 when I visited Japan just a month ago, I think that was after BoJ intervention. Great for tourists, but I feel so bad for this nation of amazing people and culture that has lost so much of their purchasing power.
My feeble understanding is that there is a "carry trade" going on where entities are borrowing from Japan due to its low interest rates and investing in USD returns with higher interest rates, but Japan can't raise its interest rates to stop this because of its massive debt...
Here are also further resources/examples (I think they are also mentioned in the article).
http://value4value.io/
https://podcastindex.org/podcast/value4value
Interoperability in this context is a red herring. Specs and protocols compete, and eventually there is capitulation to the winner that gets the most support and thus most tools, in the most coding languages, for the most OS's, with the most end users, skin in the game, etc.
Interoperability is not easy even when you cooperate. People use different languages to program in on both the base/native level, and then in implementations at app level, and then syncing over protocol/specs is another issue.
Even LN implementations are not fully interop.
Interoperability just means people using the same thing, but these are all different things (Slashtags, Web5, nostr) despite them solving some overlapping use cases. So what is really needed is some combination of migration, resolvers, aliasing, conversion, support for multiple formats in clients, etc, etc.
You probably won't see much of that at this stage. This is not to say that Synonym is closed-minded or stubborn, so much as all of our teams have to manage our priorities. Synonym has actively researched, contacted, and collaborated as often as possible, but this environment, so far is honestly one of the more hostile and collaboration-disinterested I have encountered. Very competitive.
I personally think managing keys across formats, resolving/aliasing, is an interesting problem, but until there are actually two popular formats, it is merely a curiosity and academic challenge, thus not a priority.
I am actually using only Nostr, as I deleted my X account last year, and haven’t tried anything else (mastodon, or what is the name, for example).
I love thinking about SN product improvements. You’re no different I see @elvismercury. Really appreciate your style of writing, so whatever we can do to encourage more of it would be awesome. I imagine this is a direct spin-off from your book club series, where updates are super frequent and regular at present. Cracking job on making that so interactive and broadening the experience on SN.
Related Thoughts
I am excited I have my cowboy hat back and will try to keep it on my head for as long as possible 🤠🤠🤠🤠yeeehaw